Kaiser Aluminum Corporation (KALU) has announced a notable increase in profits for its third quarter compared to the previous year. The company reported a net income of $12 million, equating to $0.74 per share, up from last year's $5.4 million, or $0.34 per share.
When excluding certain items, the adjusted earnings stood at $8.4 million, or $0.51 per share, for the quarter.
The company's revenue experienced a slight growth of 0.6%, rising to $747.7 million from $743.6 million in the prior year.
Key financial highlights for Kaiser Aluminum Corporation (as per GAAP) are as follows:
- Third quarter earnings: $12 million, compared to $5.4 million last year.
- Earnings per share (EPS) for Q3: $0.74, versus $0.34 last year.
- Revenue for Q3: $747.7 million, compared to $743.6 million in the previous year.
